Saturday, 29 August 2015
Last updated 10 hours ago
Mar 1 2012 | 11:55am ET
Canada's Waratah Advisors is looking beyond that country's borders with the launch of a pair of offshore funds.
The Toronto-based firm unveiled the offshore versions of its Waratah One and Waratah Performance funds last month. Both employ market-neutral strategies, with Performance having a more concentrated portfolio; the funds returned 5.8% and 5.6%, respectively, last year.
The US$300 million firm elected to create offshore funds to run concurrently with the existing products in response to demand from outside Canada, HFMWeek reports. The funds launched with US$50 million in initial assets, including capital from a large institutional investor in New York.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…